Overview
- British Land lifted its FY2027 earnings target to at least 30.5p on Tuesday after reporting 28.9p for the year to March.
- Like-for-like net rental income rose 6% over the year, with campus rents up 12% and retail parks 99% occupied.
- London campuses logged 215 leasing deals covering 1.69 million sq ft, including 834,000 sq ft signed in the final quarter.
- AI-focused tenants powered the momentum, including a 158,000 sq ft Anthropic lease at Regent’s Place that marked a sixth deal with the firm.
- The company completed the Life Sciences REIT acquisition and said it expects the deal to lift future earnings.